Nigeria: Gains of Extractive Transparency

Waziri Adio

It seems counter-intuitive, but it is true: countries blessed with abundant mineral resources rarely use such resources to enable abundant life for their people. Rather, resource-rich countries are prone to corruption and conflicts, misrule and misery.

This supremely ironic development has given birth to two disturbing but familiar phrases: 'the paradox of plenty' and 'the resource curse'. Yet, there is nothing pre-ordained about this terrible turn of things. As the examples of Norway, Indonesia, Botswana and a few other countries have shown, a different path is possible.

As few as they are, the exceptions post a poignant lesson: resources are not necessarily cursed; and plenty should not automatically produce lack. What makes the difference is the prudent management and transparent governance of ...

Where to find us?

60, Nelson Mandela Street,
Off Kwame Nkrumah Crescent, Asokoro, Abuja.
Phone Number
+234 9 2906624
+234 817 816 7239
+234 803 890 0056